Investor Presentaiton

Sephora at Kohl's continues to drive impressive results in Q2 655 1010 NOLLE KES+SEPHOR Phoen FETHO T W CAUDALIE . ● . . Kohl's stores with Sephora continue to outperform the balance of chain, attracting new customers and driving traffic The partnership is attracting new, younger, and more diverse customers. Customers that shop Sephora at Kohl's visit more frequently than our average customer. 400 Sephora stores to open in 2022 (48 opened in Q1, 292 opened in Q2, and remaining 60 planned in Q3); will open another 250 shops in 2023, taking our total to 850 2,500 sq. ft. shops Working with Sephora to design a smaller footprint concept for our remaining 300 stores, creating a Sephora presence across our entire store base Targeting $2 billion in sales and highly accretive to operating margin KOHL'S KORA PARMACY 515 GLOW Wa SCC EATIN SEPHORA UM ECAT wom MARC JACOBS HOLLYWOOD CALICORNIA GLAMGLOW -mid to from nottoyant moussant à l'argile ELIZABETH TAMES SEP Rouge Infusion 9

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